Could you be the next Kogan, Freelancer, or Pepperstone Australian Tech Fast 50 company?
Nominations for Deloitte #TechFast50 Australia 2014 program closes 26 September
19 September 2014: Ultimately the effectiveness of any startup ecosystem is measured by the number of iconic startups it helps nurture, says Joshua Tanchel, Deloitte Private Partner. And he’s committed. As leader of Deloitte’s Technology Fast 50 program, Tanchel says the program can claim a few icons, including Freelancer, Kogan, Atlassian and Pepperstone.
Tanchel said: “Each year the Fast50 program supports Australian startups which have recorded high revenue growth and survived economic and business expansion challenges. By offering support and exposure we provide the oxygen to help push these exciting Australian tech firms even further.”
But time is tight. The 2014 nominations close 26 September so jump online to be in the running for this year’s Australian Deloitte Tech Fast 50 program.
Joshua Tanchel recently caught up with Andre Eikmeier, the CEO of last year’s overall #TechFast50 winner, with his innovative online wine retail site – Vinomofo. Andre said the win was a game-changer for his business. “Winning Deloitte Tech Fast 50 last year created great PR exposure for us. The win was a huge buzz, attracting more than a thousand new members to join on the day. And we’ve kept the momentum going.
“It validated our hard work and reminded the whole team that we're part of something special, creating a real sense of pride. Our relationship with Deloitte has also been valuable as we've continued to grow. They've offered us a lot of support and connections."
Now in its 14th year, #TechFast50 profiles Australian companies, public or private, that have achieved the fastest rates of annual revenue growth over the past three years. And this year ASX Limited, which operates Australia’s primary securities exchange, is the lead Deloitte Technology Fast 50 sponsor, adding even more weight to the program. “Given the number of successful technology company IPOs in the last 12 months, it’s perfect timing,” said Tanchel.
Max Cunningham, ASX’s General Manager Listings and Issuer Services said: “The Australian economy will continue to look to the tech sector to deliver employment opportunities and economic growth.
“In the past year, technology companies such as Freelancer, Ozforex and Bulletproof - all previous constituents of the Fast 50 program – have successfully listed on the ASX.
“We hope that Australian and global technology companies can continue to raise capital from ASX’s broad investor base, and help these companies to achieve their growth ambitions.”
Eligibility criteria for the Deloitte Technology Fast 50 Australia 2014 program
The program includes all related industry sectors: Internet, communications, software, semiconductors, components and electronics, life sciences and computer peripherals.
Winners are selected based on percentage revenue growth over three years and must meet the following criteria:
1.The company must have been in business for a minimum of three years
2.The company must be considered a technology company, which is defined as:
b.manufacturing technology-related products
c.be technology intensive, or use unique technology to solve problems
d.devoting a high percentage of effort to technology R&D;
3.The parent company must be Australian owned and have its headquarters in Australia (subsidiaries of multinational organisations do not qualify);
4.Operating revenues must be at least $50,000 for FYE 2012.
5.Must have total cumulative operating revenues of $8 million during the last three operating years.
Note: Companies with operating revenues of less than $8 million during the last three operating years may still qualify for the regional Deloitte Technology Fast 500 Asia Pacific 2014 program and the Rising Stars Award.
The Leadership Awards, which are now in their fourth year of operation, are only granted to companies who have operating revenues in excess of $50 million in FY14. (All other eligibility criteria are the same as the main Technology Fast 50 Australia awards).
The Rising Star Awards recognise high-growth companies which do not qualify for the Technology Fast 50, either as a result of having less than three years’ existing revenue data or not meeting the $8 million three-year cumulative revenue eligibility requirement of the Technology Fast 50 program.
The Deloitte Technology Fast 50 Australia program is part of a global program run in parallel with the United States, Canada, United Kingdom, France, Norway, Sweden, The Netherlands, Germany, Central Europe, Israel, South Africa, China, Hong Kong, India, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand.
For more information about this year’s program (including nomination criteria, nomination process, key dates and other information), please visit www.tech50.com.au and fill out the nomination form. Nominations close 26 September 2014.
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Last Updated: Friday, 19 September 2014
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